Nextant Aerospace Lowers Pricing For 400NEXT

Base price lowered to $3.9 Million for Beechjet 400A/XP Modernization Program

RICHMOND HEIGHTS, OHIO — October 20, 2009 – Nextant Aerospace today announced lowered entry level pricing for the 400NEXT Beechjet 400A/XP modernization. The new price of $3.9 Million is a $1.0 Million reduction from the previous published price.

“The dramatic reduction in the value of a pre-owned aircraft over the past 12 months has allowed us to reevaluate the pricing for the base model 400NEXT. It is unfortunate that lower aircraft values have negatively affected so many but Nextant is fortunate to be able to turn that into a positive offering to our customers.” said Kenn Ricci, CEO of Nextant Aerospace.

The Nextant Aerospace 400NEXT was designed to overcome significant limitations to the popular Hawker Beechjet 400A/400XP. By replacing the existing out dated Pratt & Whitney JT15D engines with the new modern fuel efficient Williams International FJ44-3AP computer controlled engines and incorporating the new Rockwell Collins Pro Line 21™ avionics suite, the range of the 400NEXT will be increased from 1333 nautical miles to over 2000 nautical miles (4 passenger, NBAA IFR range). In addition to a 30% reduction in operating costs based on fuel savings alone. For additional information, please visit www.nextantaerospace.com .

About Nextant AerospaceNextant Aerospace was formed for the primary purpose of developing an aircraft modernization program and operates two full-service corporate aircraft maintenance and overhaul facilities located across the United States. The service center network has locations at Cleveland Hopkins International Airport (CLE) and Birmingham Alabama International Airport (BHM). For more information, please visit www.nextantaerospace.com .#########